UCC ProShares Ultra Consumer Discretionary Forecast, Technical & Fundamental Analysis
Momentum Indicator for UCC turns positive, indicating new upward trend
UCC saw its Momentum Indicator move above the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 71 similar instances where the indicator turned positive. In of the 71 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for UCC just turned positive on November 02, 2023. Looking at past instances where UCC's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
UCC moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for UCC crossed bullishly above the 50-day moving average on November 16, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UCC advanced for three days, in of 364 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 347 cases where UCC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for UCC moved out of overbought territory on November 16, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UCC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Trading
UCC and
Correlation & Price change
A.I.dvisor tells us that UCC and SSO have been poorly correlated (+4% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that UCC and SSO's prices will move in lockstep.
| Ticker / NAME | Correlation To UCC | 1D Price Change % | ||
|---|---|---|---|---|
| UCC | 100% | +0.21% | ||
| SSO - UCC | 4% Poorly correlated | -0.35% | ||
| SPXL - UCC | 4% Poorly correlated | -0.57% | ||
| TQQQ - UCC | 2% Poorly correlated | -0.29% | ||
| QLD - UCC | 2% Poorly correlated | -0.17% | ||
| SOXL - UCC | 2% Poorly correlated | -0.52% |